Rosealea Yao
China Investment Analyst
Rosealea is a senior analyst in the Beijing office and has been with the firm since 2007. She is a specialist on the Chinese property market, and also works on energy, infrastructure and other issues related to the investment side of the economy. Before joining Gavekal, she worked at the Chinese Institute of CPAs in Beijing. Rosealea studied economics at the University of Manchester, where she earned an MSc degree with distinction, and graduated from Renmin University in 1999.
For Rosealea's article archive click here.
Recent Articles
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Gavekal Dragonomics
February 20, 2019
The Sunset Of Housing Subsidies
China’s local governments are cutting back their slum redevelopment plans, which points to lower government subsidies for housing in 2019. As a result, Rosealea argues, housing sales are likely to have a deeper decline this year, although Beijing will manage the phase-out of subsidies with a careful eye on how it affects the market.
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Gavekal Dragonomics
January 30, 2019
The Long Plateau In Housing Demand
While many forecasters had expected China’s steel demand to enter long-term decline as housing construction peaks, in fact it has stayed surprisingly strong. In this piece, Rosealea revisits her housing model, and finds it is consistent with recent trends. Construction should peak in 2020-22, so steel demand can stay elevated for a few more years.
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Gavekal Dragonomics
January 14, 2019
It's Not All Bad News In Property
China’s property market keeps delivering bad news: declines in housing sales, land sales and prices have deepened in recent months. But Rosealea sees some positive signs in easing local government policies, lower bank funding costs, and strong momentum in construction. In this piece, she explains why she is not joining the property-market bears.